29 July 2024
Invinity Energy Systems plc
("Invinity" or the "Company")
Result of Annual General Meeting
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, announces that all resolutions were passed at the Company's Annual General Meeting, held today at 3.00 p.m. The result of the poll voting (including all proxies) is detailed below.
| | RESOLUTION | VOTES FOR* | VOTES AGAINST | WITHHELD | |
| |
| Number of votes | % | Number of votes | Number of votes |
| 1 | To receive, consider and adopt the Company's annual accounts for the financial year ended 31 December 2023 | 308,088,171 | 99.99 | 25,647 | 245,781 |
| 2 | To receive, consider and adopt the Directors' remuneration report for the financial year ended 31 December 2023 | 287,816,092 | 93.41 | 20,294,083 | 249,424 |
| 3 | To receive, consider and adopt the auditor's report on the Company's annual report and financial statements and the auditable part of the remuneration report for the financial year ended 31 December 2023 | 307,876,488 | 99.92 | 237,330 | 245,781 |
| 4 | To elect and reappoint BDO LLP as auditor and to authorise the Directors to fix the auditor's remuneration | 307,809,448 | 99.90 | 297,211 | 252,940 |
| 5 | To empower the Directors to allot relevant securities for cash | 299,747,829 | 97.61 | 7,354,840 | 1,259,308 |
| 6 | That Resolution 5 above is valid and effective | 300,667,843 | 97.61 | 7,352,672 | 341,462 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Highlights of Invinity Capital Markets Event 2024
Following a successful Capital Markets Event held at the Company's Motherwell and Bathgate facilities on 23 July 2024, the Company has produced a highlights video which can be viewed here.
Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here.
Enquiries:
| Invinity Energy Systems plc | +44 (0)20 4551 0361 |
| Jonathan Marren, Chief Financial Officer and Chief Development Officer Joe Worthington, Director, Communications and Investor Relations | |
| | |
| Canaccord Genuity (Nominated Adviser and Joint Broker) | +44 (0)20 7523 8000 |
| Henry Fitzgerald-O'Connor / Harry Pardoe | |
| | |
| VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker) | +44 (0)20 3005 5000 |
| Andrew Monk / Andrew Raca | |
| | |
| Tavistock (Financial PR Advisor) | +44 (0)20 7920 3150 |
| Simon Hudson / Saskia Sizen / Adam Baynes |
Notes to Editors
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.
Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With 75 MWh of systems already deployed or contracted for delivery across 82 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and Australia. Invinity Energy Systems plc is quoted in the UK on AIM and AQSE and trades in the USA on OTCQX.
To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or ir@invinity.com.
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